GOLD took a liquidity below the weekly low. On the daily chart, the price formed a doji-type setup, which is often a sign of indecision. The market rejected the support level, and we can see a divergence forming at that level. With no high-impact news events scheduled for today, there's a possibility that the price may consolidate and move sideways. However, if the market breaks above yesterday's high, it could potentially push up towards the swap zone above. I'm expecting the price to break through the range zone and continue its upward momentum. My goal is resistance zone at 2430.
📊QUICK FUNDAMENTAL LOOK
GOLD was up 0.4% at $2,407.50 per ounce, as of 1014 GMT, down from a record high of $2,483.60 hit last week. U.S. GOLD gained 0.6% to $2,408.80.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.